Ameriprise Financial Inc. Has $6.60 Million Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

Ameriprise Financial Inc. cut its holdings in Warrior Met Coal, Inc. (NYSE:HCC) by 8.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 121,681 shares of the company’s stock after selling 11,532 shares during the period. Ameriprise Financial Inc. owned approximately 0.23% of Warrior Met Coal worth $6,600,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Summit Investment Advisors Inc. lifted its position in Warrior Met Coal by 5.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,424 shares of the company’s stock worth $294,000 after purchasing an additional 260 shares during the period. Graham Capital Wealth Management LLC lifted its position in Warrior Met Coal by 0.6% during the fourth quarter. Graham Capital Wealth Management LLC now owns 47,818 shares of the company’s stock worth $2,594,000 after purchasing an additional 273 shares during the period. Sanctuary Advisors LLC lifted its position in Warrior Met Coal by 2.6% during the fourth quarter. Sanctuary Advisors LLC now owns 10,800 shares of the company’s stock worth $577,000 after purchasing an additional 276 shares during the period. Quadrant Capital Group LLC lifted its position in Warrior Met Coal by 31.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company’s stock worth $64,000 after purchasing an additional 279 shares during the period. Finally, HighTower Advisors LLC lifted its position in Warrior Met Coal by 5.6% during the fourth quarter. HighTower Advisors LLC now owns 5,878 shares of the company’s stock worth $319,000 after purchasing an additional 314 shares during the period. Institutional investors own 92.28% of the company’s stock.

Analyst Ratings Changes

HCC has been the subject of several recent analyst reports. B. Riley cut their price objective on shares of Warrior Met Coal from $86.00 to $76.00 and set a “buy” rating for the company in a research report on Friday, April 11th. UBS Group cut their price objective on shares of Warrior Met Coal from $68.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. Finally, Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a report on Friday, February 14th.

Warrior Met Coal Stock Down 6.4%

HCC stock opened at $44.87 on Friday. The stock has a market capitalization of $2.36 billion, a P/E ratio of 9.37 and a beta of 0.75. The company has a current ratio of 5.20, a quick ratio of 3.99 and a debt-to-equity ratio of 0.09. Warrior Met Coal, Inc. has a 12 month low of $38.00 and a 12 month high of $75.53. The firm has a 50-day moving average price of $47.08 and a 200-day moving average price of $53.75.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, April 30th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.11). The company had revenue of $299.94 million during the quarter, compared to the consensus estimate of $296.39 million. Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. The firm’s revenue was down 40.4% compared to the same quarter last year. During the same period last year, the company posted $2.63 EPS. As a group, equities research analysts anticipate that Warrior Met Coal, Inc. will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, May 5th were issued a $0.08 dividend. The ex-dividend date was Monday, May 5th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.71%. Warrior Met Coal’s dividend payout ratio (DPR) is currently 15.92%.

About Warrior Met Coal

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.